Share price weakness, page-14

AMC is cheap at these levels in my view but cheaper alternatives in defensive sector exist, ie Coles. Just my view. The issue with AMC and other defensive is bond proxy play, as you can basically get 5% yield on risk free US T bonds. So why take equity risk in something like AMC at the same price? When it has higher debt costs and ultimately input cost pressures via oil for plastics.

My view is medium term yields will drop with rates, but market capitulates short term, which has happened now. I’ve deployed $100ks into COL on recent weakness. I’ll maybe diversify a little into this among other sold off defensives.